Cyrus Mistry, former chairman of Tata Sons, dies in a car accident

Mistry, 54, was one of two people who died when the car they were traveling in hit a barrier between two lanes, according to Shrikant Shinde, a Maharashtra police official.

Two other people in the vehicle were injured and taken to hospital, he added.

Autopsies would be carried out on the two who died at a hospital in Mumbai, said Pradeep Dhodhi, a medical official in Palghar district.

Mistry is best known as the former chairman of Tata Sons, the huge Indian conglomerate that owned Jaguar, Land Rover and Taj Hotels.

Mistry was best known as the former chairman of Tata Sons, the huge Indian conglomerate that owned Jaguar, Land Rover and Taj Hotels.
The Irish-Indian businessman made headlines in 2011 when he was announced as Tata’s chosen successor and became the first person not directly linked to the Tata family to run the company bearing his name.

Mistry’s family was a major stakeholder in the Mumbai-based conglomerate, which runs leading businesses across multiple sectors.

In 2016, Mistry was replaced in a sudden company shake-up that saw former chairman Ratan Tata come out of retirement to lead the company on a temporary basis. Mistry’s ousting created a bitter public feud between the former chairman and the group’s board.
Prior to his time at Tata, Mistry was best known as the son of Indian construction billionaire Pallonji Mistry and headed the Shapoorji Pallonji Group, a major construction company known for erecting skyscrapers and stadiums across India.

“I am deeply saddened by the sudden and untimely passing of Mr. Cyrus Mistry,” Tata Sons Chairman Natarajan Chandrasekaran said in a statement shared with CNN Business on Monday.

“He had a passion for life and it is truly tragic that he passed away at such a young age. My deepest condolences and prayers for his family at this difficult time.”

Other business and government leaders also reacted in shock over the weekend, taking to social media to express their condolences.

“Shri Cyrus Mistry’s untimely demise is shocking. He was a promising business leader who believed in India’s economic prowess,” Indian Prime Minister Narendra Modi said. tweeted. “His passing is a great loss to the world of commerce and industry.”

Gautam Adani, the country’s richest man, also said he was “shocked and saddened to learn of the death”.

“One of the finest gentlemen I have known, he was one of the finest businessmen of his generation. It is a tragic loss. He was recalled too soon,” he added. . wrote on Twitter. My thoughts and prayers go out to his family.”

Rishi Iyengar contributed to this report.

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